The Rent Is Still Too Damn High...and that could be a good thing!

By
Real Estate Agent with Allison James Elite CA. BRE 01501699

Chris B Johnson, REALTOR®               Featured Listing                   Time to Sell Your Home?  

Mortgage Pre Approval      Neighborhood Market Report     TimeTo Buy A Home

One in four home buyers say they want to buy a home because their rent is too high, according to a new survey by the brokerage Redfin of 750 home purchasers. The number of home buyers citing high rents as a main motivation to buy is rising – up from one in eight last August.

Read moreThe 20 Hottest Housing Markets This Month

Still, affordability remains the chief concern on home buyers’ minds. Twenty percent are concerned about the limited number of homes for sale – also on the rise. Sixteen percent are concerned about too much competition from other buyers – a five percentage jump over last quarter, according to Redfin’s survey.

Home buyers are also braced for home prices to rise in the coming months. Fifty-three percent say they anticipate prices will rise soon compared to 48 percent of previous survey respondents from last quarter. But mortgage rates remain important to them. Sixty-seven percent of buyers said mortgage rates were important or very important motivators in their purchase decisions.

Source: “One in Four Home Buyers Cites High Rent as Reason for Buying,” Redfin (Feb. 25, 2016)

Your Neighborhood Market Report      The Cost Of Waiting      Still A SELLER’S Market?

Moorpark Short Sale HELP!!                                              California May Pay You To Short Sale

Oxnard REO Coming To Market                                        What Is My Home Worth?

Posted by

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California Ventura County
Tags:
luxury home specialist
your best real estate agent serving moorpark ca
moorpark country club estates
moorpark highlands
chrisbjohnsonrealtor
choose moorparks top listing realtor with allison james estates homes elite

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,998,810
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Chris, and since rates just went down AGAIN, no reason not to buy versus renting and helping that landlord pay for the home!  

Mar 01, 2016 09:56 AM #1
Rainmaker
505,953
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

I could not agree more Joan Cox !!

Mar 01, 2016 10:54 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
505,953

Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity
Is it Too Late to Short Sell My Home??
*
*
*
*
Spam prevention

Additional Information